- Peru issued Legislative Decree No. 1623, creating an exemption list for IGV collection and new compliance deadlines for non-domiciled providers of digital services and intangible goods to Peruvian consumers.
- Users of these digital services are treated as IGV taxpayers even if they are not business operators.
- Non-domiciled entities must register in Peru’s Single Registry of Taxpayers to act as withholding or collection agents, and remit IGV monthly within the first ten business days of the next month.
- If they do not comply, financial institutions may withhold the tax instead.
- Law No. 32542 extends the VAT exemption for certain agricultural, cultural, and basic goods until December 31, 2028.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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